Society

ILO: businesses yet to tap full potential of young workers

A recent survey by the International Labour Organisation (ILO) has shown that Vietnamese businesses are yet to tap the full potential of young workers.
ILO: businesses yet to tap full potential of young workers ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – A recent survey by the International Labour Organisation(ILO) has shown that Vietnamese businesses are yet to tap the full potential ofyoung workers. 

The school-to-worktransition survey was conducted by the General Statistics Office and the ILO in2015, surveying Vietnamese people aged 15-29.

Itindicated that high school graduates need 17.8 months to land their first stableand satisfactory job, 26 percent of young workers are overeducated for theirjobs while 23.5 percent are underqualified.

Nearlytwo-thirds said they would rather work for the State thanks to job stability.

Though 58.6percent of youngsters have paid jobs, nearly half lack labour contracts. Overone-third are self-employed or work as unpaid family workers before finding abetter job.

About 80percent are in informal employment, lacking social welfare access and legalprotection.

The ILO ranthe survey in 53 countries from 2012-2016. In Vietnam, it polled more than2,700 young people in 2012-2013 and over 2,200 in 2015.

The surveyis part of the Work4Youth project – a partnership between ILO and theMasterCard Foundation that aims to strengthen the production of labour marketinformation specific to young people and work with policymakers on interpretingthe data.-VNA
VNA
#International Labour Organisation#Vietnamese businesses#young workers#General Statistics Office
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